If you want to buy Monero, one thing you definitely need is a wallet. There are different types of wallets, and your choice depends on which device you use to access your account or accounts, but also on balancing security against practicability. So in the following, you’ll find an overview.
Web Wallets for Monero
Web wallets are especially convenient as they give you access to your coins in your browser. At the same time, the web wallets are also the least secure ones.
The MyMonero Web-Wallet
A popular Web-Wallet can be found on MyMonero. If you create an account on the site, you will find that the risks of a Web Wallet are pointed out there and they recommend not to use it for storing large amounts. On the page, you have to click on “Create an Account”, after which a new page opens where you will find your login key, which must be confirmed. Once this is done, you will receive your Monero address on the next page, which you will need for transactions with Monero.
Desktop Wallets for Monero
A desktop wallet is more secure than a web wallet. It can be generated e.g. via the download page of the Monero project. You can also see there that downloads are available for different operating systems.
Mobile Wallets for Monero
The download page of the Monero project linked above also provides access to wallet software for mobile devices (the Cake Wallet for iOS and the Monerujo Wallet for Android). Such a mobile wallet is of course handy if you want to use your cryptocurrency for payments on the road.
The Cake Wallet for iOS
The Cake Wallet can be downloaded free of charge from the App Store. Its use goes beyond storage -a platform (MorphToken) has been integrated that makes it possible to exchange Monero for other cryptocurrencies such as Bitcoin, Litecoin and Ethereum.
Is there a Monero Hardware Wallet?
The most secure type of wallet is a hardware wallet, because nobody has access to it via the internet. Hardware wallets are devices that serve the specific purpose of storing cryptocurrencies.
The hardware wallet solution for Monero
The Monero project is actually working on offering its own hardware wallet in the future. But even now some hardware wallets can be used for Monero, that is the Ledger Nano S and the Ledger Blue. You can find out how to do this on this Ledger support page.